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The Corporate Side of Closing the Skills Gap

  • On 7th Mar 2020
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Story by Learnerus Lifelong


Here is the hard truth for many companies out there. They are constantly hiring new employees because they need the help and their business is doing very well. Essentially, they need the manpower and the workers. However, the people that are being hired are usually short on the skill set that their employers desperately need. In fact, their current employees are often short of these very same skill sets as well. It places the company into a little bit of a conundrum. They need the workers, but can’t find the ones they skill-wise desperately need so they make do with what they have.


The Skills Gap Facts


According to Adecco, a company that specializes in matching up the right personnel with the right position at hand, 92 percent of company executives surveyed believe that workers are not as skilled as they need to be. They are lacking a needed skill set that will make them more desirable to employers.


It Affects Even the Largest Companies


No company is safe from a skills gap problem. For instance, the online giant Amazon announced in July, 2019 announced that they were spending $700 million to retrain a third of its own workforce. This means that 100,000 of its employees are to be taught new skills by the year 2025 to make them compatible with what Amazon is trying to accomplish.


Currently, Amazon has 20,000 jobs available for technical roles that they are having great difficulty filling. And they certainly are not the only ones. Companies are recognizing in this day and age of technology that degrees are mattering less and skills are of the main importance. Businesses and its executives are more interested in the skill set that future workers can bring to the table rather than a degree with their name on it that does not demonstrate they have the abilities currently needed.


So What Do the Companies Have to Do?


Since all of these companies are having a tough time finding the right workers, they are trying to create the workers they need basically from scratch. To fix this problem, companies will take their new hires and veteran employees and try to instill the skill set they need to balance out the skills gap that they are facing. However, it would be much easier if the people applying for these positions would already have the skills needed that these companies are looking for. It would save additional time and money in the process.


What Are the Skills that Are Missing?


With technology playing such a huge role in our society, it is no shock that companies are wanting employees that are knowledgeable in this area. For instance, automation is taking over in many factories so employers are searching for people that can troubleshoot when things don’t go as planned. These companies are looking for valuable employees that have skills as an IT support technician, software engineers, data mapping specialists, data scientists, solutions architects, and security engineers.


In addition, there are numerous so-called “soft” skills that employees are lacking. They include being able to communicate effectively with all, demonstrating creativity in the workplace, working well with others, and having critical thinking skills to solve whatever problems may arise.


Reskilling Workers Is Easier Said Than Done


As companies set about to reskill their workers, they are realizing it can get expensive pretty quickly. It is reported by the U.S. Bureau of Labor Statistics that in just the United States alone, it will cost $34 billion to reskill about 1.4 million workers that are in danger of losing their jobs because of automation taking effect in the factories. These numbers are actually on the low side though as other institutes are expecting it to cost much more and for many millions of workers instead of just over one million.


Ways to Bridge the Gap Rather Than Rely on Company Reskilling


Don’t wait too long before your employer comes and informs you that your abilities are no longer needed with the company. Take the initiative and be proactive before they decide to hand you the termination papers.


Instead of sitting around and waiting for your current position to become obsolete, you should be looking for a way to make yourself more attractive to employers from all sorts of companies.


As an example, LearnerOn.Net can offer access to thousands of courses to adult lifelong learners that are interested in furthering their current skill set. These courses could be in a variety of subjects such as computing, machine learning, developing applications, cloud infrastructure, leadership skill training, and automation. Furthermore, there are millions of books available through LearnerOn.Net and with the right search, a plethora of learning resources and even Learning Paths will be at a person’s disposal immediately.


Through the right courses and Learning Paths, a person can attain knowledge, credentials and certificates that will demonstrate their skills to employers looking to strengthen their workforce. With the right focus, you will no longer have to search for jobs as employers will be knocking on your door instead.


In addition, employers and Chief Learning Officers who are searching for ways to reskill their workforce, LearnerOn.Net could be your number one place to go to as they provide access to the resources needed to take your employees to the next level with their courses, books, and guided Learning Paths.


Yours mindful of the needs of Chief Learning Officers,

Learnie


Originally posted on Medium

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